Short-Term Vacation Rental Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers

Which drivers are expected to have the greatest impact on the over the short-term vacation rental market's growth?
The growing number of travelers is expected to drive the short-term vacation rental market. The rise in travel is fueled by greater disposable incomes and the desire for unique and diverse experiences. Travelers increasingly prefer short-term vacation rentals for personalized and cost-effective accommodations that offer local experiences. According to the Office for National Statistics in May 2024, the U.K. saw an increase in overseas visitors in 2023, with 38 million trips compared to 31.2 million in 2022. This demand for travel accommodations will drive the short-term vacation rental market.

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What is the future CAGR of the short-term vacation rental market, and how will it impact industry expansion?
The short-term vacation rental market has experienced strong growth in recent years. It will grow from $120.77 billion in 2024 to $131.65 billion in 2025, achieving a CAGR of 9.0%. Growth drivers include increased travel demand, the rise of remote work, higher disposable incomes, and the growing desire to escape city life to rural or scenic locations.

The short-term vacation rental market is projected to grow significantly, reaching $184.51 billion by 2029 with a CAGR of 8.8%. This growth is driven by factors such as the rise in remote work, growing demand for eco-friendly vacation rental options, improvements in personalized recommendations and marketing, a preference for unique travel experiences, and expanding global travel networks. Notable trends include smart home integration, AI and data analytics for tailored experiences, the rise of remote work, and specialized rentals catering to specific interests.

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What are the most significant trends transforming the short-term vacation rental market today?
Companies in the short-term rental market are improving operational efficiency with property management solutions. For example, in January 2024, Guesty launched Guesty Lite, a simplified property management solution for hosts with 1-3 properties. This platform automates tasks like listing visibility and guest communication, helping hosts enhance revenue and deliver better guest experiences.

Which key market segments comprise the short-term vacation rental market and drive its revenue growth?
The short-term vacation rental market covered in this report is segmented -

1) By Accommodation Type: Home, Apartments, Resorts Or Condominium, Other Accommodation Types
2) By Booking Mode: Online Or Platform-Based, Offline
3) By Management: Managed By Owners, Professionally Managed

Subsegments:
1) By Home: Single-Family Homes, Villas And Private Homes, Luxury Homes, Cottages And Cabins
2) By Apartments: Entire Apartments, Studio Apartments, Shared Apartments, Lofts
3) By Resorts Or Condominiums: Beach Resorts, Ski Resorts, Luxury Condominiums, All-Inclusive Resorts
4) By Other Accommodation Types: Bed And Breakfasts (B&B), Hostels, Farm Stays And Rural Accommodation, Glamping (Glamorous Camping), Boats Or Yachts, Treehouses or Unique Stays

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What regions are leading the charge in the short-term vacation rental market?
North America was the largest region in the short-term vacation rental market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the short-term vacation rental market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the short-term vacation rental market?
Major companies operating in the short-term vacation rental market are Booking Holdings Inc., Expedia Group Inc., Airbnb Inc., Wyndham Destinations Inc., Agoda Company Pte. Ltd., Tripadvisor Inc., Vacasa Inc., Oravel Stays Private Limited, NOVASOL A/S, MakeMyTrip Pvt. Ltd., Hotelplan Management AG, Evolve Vacation Rental Network Inc., Hopper Inc., Holidu GmbH, Vacation Rental Pros Property Management LLC, HomeToGo GmbH, Atraveo GmbH, 9flats.com PTE Ltd., Housewise Services Pvt. Ltd., Homestay Technologies Ltd., Casiola WorldWide LLC, Homely Stays Pte. Ltd., StayBeyond Ltd

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What Is Covered In The Short-Term Vacation Rental Global Market Report?

•Market Size Forecast: Examine the short-term vacation rental market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the short-term vacation rental market for a structured understanding.
•Key Players Overview: Analyze major players in the short-term vacation rental market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the short-term vacation rental market.
•Segment Contributions: Evaluate how different segments drive overall growth in the short-term vacation rental market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the short-term vacation rental market.
•Industry Challenges: Identify potential risks and obstacles affecting the short-term vacation rental market.
•Competitive Landscape: Review strategic developments in the short-term vacation rental market, including expansions, agreements, and new product launches.

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